X co is a retail dealer of garden tractors mr y signs a, Ask an Expert

Economics

X Co. is a retail dealer of garden tractors. Mr. Y signs a contract to buy a garden tractor for $400, but later backs out of the agreement. The tractor that Mr. Y agreed to buy is subsequently sold to Mr. Z for $380.

The average cost of a garden tractor to X Co. is $260, and the average variable cost is $220.

The marginal cost to X Co. of supplying an additional tractor to a customer is $300. X Co. sues Mr. Y for breach of contract. How much damages should be awarded to X Co?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91028502

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